Market Overview for TRON/Yen (TRXJPY) – 2025-11-01

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• TRON/Yen (TRXJPY) dipped to a 24-hour low of 45.31 before rebounding and closing near 45.85, with moderate volume.
• Momentum turned bullish in the last 6 hours, as RSI and MACD showed positive divergence and bullish crossovers.
• Volatility expanded during the early morning hours, with price breaking above the upper Bollinger Band.
• Notable support levels formed around 45.65 and 45.50, while resistance emerged at 45.75 and 45.85.
• Volume and turnover surged in the 08:00–11:00 ET window, coinciding with a sharp upward reversal.

24-Hour Summary

TRON/Yen (TRXJPY) opened at 45.64 on 2025-10-31 12:00 ET, surged to a high of 45.87, and closed at 45.85 on 2025-11-01 12:00 ET. The pair experienced a low of 45.31 during the session, with a total trading volume of 196,138.47 TRX and a notional turnover of 8,911,093.86 JPY. The price action displayed a clear reversal pattern, marked by a morning decline followed by a sustained rebound into the afternoon.

Structure & Formations

The daily chart showed a bullish engulfing pattern forming around the 45.50-45.70 range, indicating short-term buyers stepping in. A doji candle formed near 45.65, suggesting indecision, followed by a strong green candle confirming a breakout. Support levels emerged at 45.65 and 45.50, while resistance levels appeared at 45.75 and 45.85. The late morning to early afternoon rally also formed a bullish flag pattern after a sharp sell-off.

Moving Averages

On the 15-minute chart, the price broke above the 20- and 50-period moving averages, signaling a short-term bullish bias. For daily analysis, the 50-period MA (approx. 45.68) crossed above the 100-period MA (45.63), and the 200-period MA (45.60) appears to be a key long-term floor. The price currently sits above all three, suggesting a constructive setup for near-term upside.

MACD & RSI

The MACD line crossed above the signal line in the morning hours, forming a bullish crossover that coincided with a strong price rebound. RSI rose from 34 to 58 over a 3-hour period, suggesting a move out of oversold territory. While not in overbought territory yet, the RSI divergence with price during the early morning decline hinted at potential exhaustion in selling pressure, which was confirmed by the reversal.

Bollinger Bands

Volatility expanded in the 08:00–11:00 ET window, with the price trading above the upper Bollinger Band, indicating heightened bullish momentum. Earlier in the session, price had been compressed near the lower band, suggesting a period of consolidation. The bands are currently in a neutral to widening state, with the price above the middle band, reinforcing the bullish bias.

Volume & Turnover

Volume spiked significantly between 08:00 and 11:00 ET, reaching over 5,000 TRX per 15-minute interval, coinciding with the price rebound. Turnover also increased, with the highest notional value seen around 09:00 ET. This suggests that the move higher was driven by institutional or large-cap buyers. However, volume has slightly moderated in the last 2 hours, which could signal caution ahead.

Fibonacci Retracements

Applying Fibonacci to the most recent 15-minute swing (45.31 to 45.87), the 38.2% retracement level is at 45.56, and the 61.8% level is at 45.67—both of which were touched during the consolidation phase. On the daily chart, the 61.8% retracement of the prior major range lies at 45.83, which the price currently appears to be testing.

Backtest Hypothesis

To further analyze the behavior of TRXJPY, a MACD-based backtest strategy has been proposed: identifying all instances where the MACD line crossed below the signal line (MACD Death-Cross) from 2022-01-01 to 2025-11-01. This strategy is often used to signal bearish momentum. However, a challenge has emerged in retrieving the necessary MACD data, as the data provider returned an error for the “TRXJPY” symbol. To resolve this, the correct symbol format must be verified—whether it is “TRX/JPY,” “TRX_JPY,” or another exchange-specific format. Alternatively, switching to a more commonly recognized pair, such as TRX/USDT, may be necessary to proceed. If event data or closing prices are already available, a direct backtest can be conducted. Once the correct input is provided, the backtest will be completed, and results will be presented.